The kind of air rights deal only possible in New York City will offer benefits for both parties and, hopefully, the public.
"The City Planning Commission on Monday approved Hudson River Park Trust's plan to sell $100 million worth of air rights to developers who want to build a mixed-use project across the street from Pier 40," reports Joe Anuta. The proposal must still obtain approval from the full City Council.
The Hudson River Park Trust will use the proceeds from the sale to fund badly needed maintenance at the pier. The developers, Westbrook Partners and Atlas Capital Group, will use the air rights to increase the size of the project proposal, which now includes 1,500 residential units.
In a statement, the director of the Planning Department, Carl Weisbrod, lauded the deal's benefits to a wide range of stakeholders.
FULL STORY: Key city agency signs off on $100 million Hudson River Park deal
Designs Revealed for Manhattan's First Public Beach
A designer was chosen in January, and conceptual rendering were released in July. Project boosters are also pushing an ambitious timeline that would start construction in late 2020.
Google Planning Massive Expansion in New York City
Google's plan to add 12,000 new workers in the city of New York is the second tech company bonanza for the city this week.
Property Owners Jostle for Deals After Midtown East Rezoning
A flurry of air rights purchases have already begun as large property owners take advantage of Midtown East's upzoning. Some big names include JPMorgan Chase and the Archdiocese of New York.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
In More Metros Than You’d Think, Suburbs are Now More Expensive Than the City
If you're moving to the burbs to save on square footage, data shows you should think again.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)